We plan to bolster overseas revenue by utilizing the infrastructure of our offices in Europe, North America, Southeast Asia, and Japan. “Overseas revenue accounted for 30% of our earnings during the first half of the year. In July, Kakao Games released its latest game title Guardian Tales in 230 countries and is set to release Moonlight Sculptor in China during the fourth quarter. The company also plans to shore up its presence in overseas markets. The company has made efforts to overcome these barriers such as acquiring XLGames, the developer of popular MMORPG games ArcheAge, and Moonlight Sculptor. Kakao Games has a competitive advantage in terms of operating a platform that encompasses both mobile and PC games, but it has been criticized for having a weak portfolio of directly developed games and intellectual properties compared to industry peers. For example, if a published game is successful then Kakao Games will exercise call option to transfer the game developer company into an affiliate.
“In addition to M&A activities, we will also invest in game companies to secure directly developed games,” said Namkoong. will use proceeds from the initial public offering to carry out active M&A among game sectors, said Namkoong-whon, the company's chief executive officer during an online press conference on August 26.
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